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Sep 12, 2012
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the main courts, they still have to judge. they also will look -- when they look at the main complaints -- the complaint that has been thrown on the table for temporary injunction by one of the euro bailout opponents, who said what the judges also have to look at is indeed whether the latest omt program of the ecb changes the whole scenario and is in breach with the constitution or is illegal. they will look at that in the main course. but they've thrown out the temporary injunction on that one. at the moment, i think relief for the markets, but it's only one stop further on the road. >> all right, silvia. thanks for that. joining us for more is chief international economist at img. just get your reaction to this. slowly, the plan, each little step, we're getting over it. we're getting kind of what we thought we were going to get. does that continue? >> well, hopefully it continues. there's a lot of things to happen over the next couple of months and this is one of the things that could have derailed us at a very early stage.
the main courts, they still have to judge. they also will look -- when they look at the main complaints -- the complaint that has been thrown on the table for temporary injunction by one of the euro bailout opponents, who said what the judges also have to look at is indeed whether the latest omt program of the ecb changes the whole scenario and is in breach with the constitution or is illegal. they will look at that in the main course. but they've thrown out the temporary injunction on that...
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Sep 14, 2012
09/12
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so this is the main concern. if the politicians are going to get their act together, what we've seen in the past is that they've been unable to do that. they're staggering towards a third bailout because they can't agree on what measures should be taken and now we're at the stage if it doesn't happen, it means they don't get the aid. we also have the problem that everyone is against monetizing the debt. that includes getting a banking licenses to the esm and if you see the amount of money that already has been poured in to greece, if xu trap late those numbers over to spain let alone italy, the esm and the esfs combined is woefully short of the type of money that we're going to need. so there is still an awful lot of longer term concerns out there. and while the move from draghi has been very beneficial in the short term, there are a lot of worries. >> all right. simon, stick around. also still to come on today's program, we'll be out in cypress where europe's finance ministers reportedly planning to push to take
so this is the main concern. if the politicians are going to get their act together, what we've seen in the past is that they've been unable to do that. they're staggering towards a third bailout because they can't agree on what measures should be taken and now we're at the stage if it doesn't happen, it means they don't get the aid. we also have the problem that everyone is against monetizing the debt. that includes getting a banking licenses to the esm and if you see the amount of money that...
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Sep 14, 2012
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are for main street. that's misstated mission statement. i think they're completely guided, but they're not really out to help main street. >> let's talk about what you do then in this environment. paul christopher, how do you invest? do you think this rally continues? does it have further legs next week? >> a sugar rush can last a few days, maybe a week. we don't think the fed really intended this for just a sugar rush. they're really looking to keep people invested. they're looking to keep people optimistic in the face of big uncertainties upcoming. we think the fed is trying to do this to balance things out. >> kevin, so the market is up. market was up big yesterday. it's surging a little bit today. what are you doing as a market strategist? >> earlier this week, we recommended an increase to small cap exposure, not so much because of just what the fed announced, but because we think that the decay in fundamentals that we saw going into this week was largely played out and that we expected a pickup ove
are for main street. that's misstated mission statement. i think they're completely guided, but they're not really out to help main street. >> let's talk about what you do then in this environment. paul christopher, how do you invest? do you think this rally continues? does it have further legs next week? >> a sugar rush can last a few days, maybe a week. we don't think the fed really intended this for just a sugar rush. they're really looking to keep people invested. they're...
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Sep 5, 2012
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>> reporter: right behind me, tyler, the event kicks off in just under an hour and the main question is going to be, what's the differentiating feature of any phones that motorola might unveil here. what will google and motorola choose to focus on? a thing that's come up, of course, lte. the networks are built out. everybody trying to put forthlte and screen resolution and clarity is a key issue. now, i just got done talking to a google product manager about a host of issues. one was feature phones. motto orola has feature phones.
>> reporter: right behind me, tyler, the event kicks off in just under an hour and the main question is going to be, what's the differentiating feature of any phones that motorola might unveil here. what will google and motorola choose to focus on? a thing that's come up, of course, lte. the networks are built out. everybody trying to put forthlte and screen resolution and clarity is a key issue. now, i just got done talking to a google product manager about a host of issues. one was...
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Sep 13, 2012
09/12
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one of the main concerns that firms have is there's not enough demand. there's not enough people coming and demanding their products. if people feel that their financial situation is better because their 401(k) looks better, for whatever reason their house is worth more, they're more willing to spend. that creates the demand most firms need to be able to hire or invest. >> john hillsenwrath from the "wall street journal." if the outlook for the labor market does not improve substantially, the committee will continue its purchases of agency mortgage backed securities, additional asset purchased and employ other policies. can you define and describe more specifically what improved substantially means and what is the committee referring to when it says additional asset purchases and other tools? >> well, again, we're looking for ongoing sustained improvement in the labor market. there's not a specific number we have in mind. but what we've seen the last six months isn't it. we're looking for something that involves unemployment coming down in a sustained wa
one of the main concerns that firms have is there's not enough demand. there's not enough people coming and demanding their products. if people feel that their financial situation is better because their 401(k) looks better, for whatever reason their house is worth more, they're more willing to spend. that creates the demand most firms need to be able to hire or invest. >> john hillsenwrath from the "wall street journal." if the outlook for the labor market does not improve...
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Sep 16, 2012
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it's hard to imagine that from the standpoint of main street, but they're going to be writing 500 billion to a trillion dollars worth of checks over the next year or two. that increases prices. reflates the economy. the favored assets, gold or a house that eventually catches a bid in terms of a higher price as opposed to continues to go down. >> let me ask you about europe, bill. it appears to have calmed down slightly. the euro package passing a hurdle. do you think europe has begun to stabilize or is this going to be another problem for the u.s. economy down the road? >> i think it's all temporary to a certain extent. to the extent you start to solve a crisis with more debt, which is what we're doing in the yit. ultimately, the solutions are coming from the fiscal or structural side. that means basically that spain and italy and greece have to get their act together this terms of becoming more competitive and no amount of check writing on the part of the ecb will solve that. >> given this, how do you want to invest? you said you want to buy hard assets like gold and house. what should t
it's hard to imagine that from the standpoint of main street, but they're going to be writing 500 billion to a trillion dollars worth of checks over the next year or two. that increases prices. reflates the economy. the favored assets, gold or a house that eventually catches a bid in terms of a higher price as opposed to continues to go down. >> let me ask you about europe, bill. it appears to have calmed down slightly. the euro package passing a hurdle. do you think europe has begun to...
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Sep 13, 2012
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the main new feature of the iphone 5 is its long term evolution telecom networking standard. this allows for very fast downloading speeds. good news for live video. and jpmorgan said qualcomm and erickson are supplying radio chips with quarter growth of about 23 million chips by the end of december. meanwhile, barclays has picked an assembly to be the top beneficiary. and take a look at how they fair. samsung was up about half a percent, but hynix sharp to the down side. also toshiba pretty much overall looking mixed. a couple of factors here. we did have a bit of a rally in the yesterday's session. so some investors are taking profits. but overall, i think the big sentiment out here is that the wow factor is a little bit off. and let's also not forget the thinking is lte, apple iphone, they are not the first mover given that samsung and a few other phone companies had already come up with that. and there's also something called nft, which is a mobile paying platform and they didn't incorporate it into the apple iphone 5. so that's also another thing. so maybe do they lose cu
the main new feature of the iphone 5 is its long term evolution telecom networking standard. this allows for very fast downloading speeds. good news for live video. and jpmorgan said qualcomm and erickson are supplying radio chips with quarter growth of about 23 million chips by the end of december. meanwhile, barclays has picked an assembly to be the top beneficiary. and take a look at how they fair. samsung was up about half a percent, but hynix sharp to the down side. also toshiba pretty...
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Sep 30, 2012
09/12
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each week keep it here where wall street meets main street. have a great week, everybody. i'll see you again next week. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.
each week keep it here where wall street meets main street. have a great week, everybody. i'll see you again next week. ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.
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Sep 13, 2012
09/12
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the main ones are abbott labs, merck, j & j. those are huge drug companies and these drugs might be too small versus the overall size of the companies. vertex has something. their pipeline is too early and there's limited data. that leaves us with two more ponies, highly risky and highly speculative killion. i'm picking gilead tonight. gilead is the way. not only the last man standing, the hepatitis c drug they're developing comes from the same family as drugs bristol-myers were working on except without the harmful side effects. the bad news for the other two players, listen, it's fabulous for gilead. that's one small piece of the puzzle. they've built into a truly incredible biotech franchise. the number one portfolio of hiv drugs out there and their previous work has given gilead terrific insight into treating hepatitis c. it has a similar mode of action. they got into the game when they acquired a company last november for $11 billion. eye-popping, head-turning number. at the time, some people thought they overpaid. i rememb
the main ones are abbott labs, merck, j & j. those are huge drug companies and these drugs might be too small versus the overall size of the companies. vertex has something. their pipeline is too early and there's limited data. that leaves us with two more ponies, highly risky and highly speculative killion. i'm picking gilead tonight. gilead is the way. not only the last man standing, the hepatitis c drug they're developing comes from the same family as drugs bristol-myers were working on...
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Sep 13, 2012
09/12
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he addressed main street. he said, hey, this is a main street policy. it's about people getting lower interest rates. i think that he agreed with me when i asked him the question about whether or not this would mean additional tolerance for inflation, which i think is a really important issue here as to whether or not this idea of remaining easy while the recovery gathers steam. i think he said, look, if it's been lower, then we can tolerate higher. >> and the committee also anticipates inflation would run at our below the 2% objective. call me crazy, but is this all good news? given the fact we are seeing the fed throw the kitchen sink and the stove and everything else at the economy, doesn't that tell us things are pretty tough out there still? nathan, what's your take? >> absolutely. there's a total disconnect between wall street and main street. steve, you can throw the kitchen sink at it, but durable goods only last, at most, three years. none of them have in my house. gold is up because everybody knows the currencies are going down. if you like wh
he addressed main street. he said, hey, this is a main street policy. it's about people getting lower interest rates. i think that he agreed with me when i asked him the question about whether or not this would mean additional tolerance for inflation, which i think is a really important issue here as to whether or not this idea of remaining easy while the recovery gathers steam. i think he said, look, if it's been lower, then we can tolerate higher. >> and the committee also anticipates...
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Sep 18, 2012
09/12
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we want to know what they think of the main competitors. it is on the market as a migraine drug and we will be list listening on the allergan pipeline. especially we want stocks since allergan sales have been stable despite the weakness in global commerce. i think he laid out the story that would take the stock to $100 maybe it is headed there. second we get another one that we have been liking. gill ead. and we know that ubs believes the numbers here are too low. i think they are telling a compelling story about hepc. it might not be done yet. when you get these with the right stuff. you get the parabolic move. cell gene has a great pipeline. the news is good and i think it will be. i think they can make a run at new highs. because the ceo, in bob we trust. you have to be careful not to get swept up. that is true when we are talking about biotech names that can be too risky. presenting at 1:30 p.m. on wednesday. the stock up 100% today. that means no matter how good this one sounds, we never chase on "mad money." the same goes for the form
we want to know what they think of the main competitors. it is on the market as a migraine drug and we will be list listening on the allergan pipeline. especially we want stocks since allergan sales have been stable despite the weakness in global commerce. i think he laid out the story that would take the stock to $100 maybe it is headed there. second we get another one that we have been liking. gill ead. and we know that ubs believes the numbers here are too low. i think they are telling a...
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Sep 7, 2012
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like you said, ecb moves have been the main focus on the markets. >> larry says absolutely, there is a short-term trade here, what do you think? do we get to the point where if they do something we see selling on the news, how do you play it out? >> what we're seeing today is rotation into the inflation trade again that is lagged to the rest of the market in the last few months. if i'm going to be in the market, commodities, reinflation of the dollar. >> i have to ask michelle what i think is the most undiscussed question of next week is what will the der man court rule next week? >> we'll find out on wednesday. >> i won't let you off the hook, that's the key next week. >> i'm told 80% chance that they will vote and decide in the favor of what everybody wants them to do. >> i got an answer out of you. >> well done, steve. you're right, we got to go. >> thanks, guys, nice chart by the way, steve. kudos to the graphics department. >> i know your real answer,ly not make you say it on the air. we'll see if this market can mount a comeback of some kind as we head toward the close right no
like you said, ecb moves have been the main focus on the markets. >> larry says absolutely, there is a short-term trade here, what do you think? do we get to the point where if they do something we see selling on the news, how do you play it out? >> what we're seeing today is rotation into the inflation trade again that is lagged to the rest of the market in the last few months. if i'm going to be in the market, commodities, reinflation of the dollar. >> i have to ask michelle...
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Sep 3, 2012
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the main attraction at these gambling halls is the new slot machines. we americans spend more money on slots than on movies, baseball, and theme parks combined. but with slots, there is the potential for a dangerous side effect: gambling addiction. and more people are addicted to slots than any form of gambling. [slot machines beeping] >> this is what slot machines used to look like, where you pull the handle and hope for three of a kind. [slot machine beeping] this is what they look like today. the modern slots are like high-tech video games that play music and scenes from tv shows. you can play hundreds of lines at once, and instead of pulling a handle, you bet by pushing buttons, which means each bet can be completed in as little as 3 1/2 seconds. it looks like great fun, but it can be dangerously addictive. >> whether or not it's their intention, the gambling industry is designing machines that can addict people. >> mit anthropology professor natasha schull has studied gambling addiction for over 15 years. she's interviewed gamblers, casino owners,
the main attraction at these gambling halls is the new slot machines. we americans spend more money on slots than on movies, baseball, and theme parks combined. but with slots, there is the potential for a dangerous side effect: gambling addiction. and more people are addicted to slots than any form of gambling. [slot machines beeping] >> this is what slot machines used to look like, where you pull the handle and hope for three of a kind. [slot machine beeping] this is what they look like...
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Sep 20, 2012
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. >> people on wall street would probably agree with you, people on main street may not agree with you. how do you expect to get support -- what kind of support have you managed to muster for this proposal? >> well, it's an interesting thing. if you start to look at some of leading democrats and what they're starting to say, they're moving away from president obama's position on some of these tax rate issues and the capital gains issue is related to that. i think what's happening is, look. main street is saying we've been underserved by the past four years based on where the economy is growing. there is a relationship to capital formation. they may not call it that, but there's a recognition that capital has to form in order to create investment and long-term prosperity. so there's no reason that we should be having 8% unemployment and this is a remedy to move us forward. >> congressman, you talked about providing predictability for main street, wall street, the markets. one of the things that is not predictable right now is looming very large and that is the fiscal cliff. how do you t
. >> people on wall street would probably agree with you, people on main street may not agree with you. how do you expect to get support -- what kind of support have you managed to muster for this proposal? >> well, it's an interesting thing. if you start to look at some of leading democrats and what they're starting to say, they're moving away from president obama's position on some of these tax rate issues and the capital gains issue is related to that. i think what's happening...
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Sep 24, 2012
09/12
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that's been the main factor this morning. patricia, the better term out of pmi last week, you wonder which is more accurate and reflective. >> well, that is a good question. the flash pmi data did really get people's hopes up for the ifo index. what is more leading, that is the question. but a lot of it is also down to new order volume. and you order volumes as we know since the beginning of 2012 has started to come off a little bit. so the trend there isn't too positive and it seems that the underlying economy starting to see more the pinch what is happening considering that a lot of the exports in germany are within this european zone or the eurozone. so big impact there. and also we've seen quite a bit of data coming through from the car sales numbers in europe and they have been everything down about 6.6% in the first eight months of the year. even though that's a bit of a lagging indicator, but one of the most important industries in germany is starting to feel slo-mo men item. most important is how is the ecb going to v
that's been the main factor this morning. patricia, the better term out of pmi last week, you wonder which is more accurate and reflective. >> well, that is a good question. the flash pmi data did really get people's hopes up for the ifo index. what is more leading, that is the question. but a lot of it is also down to new order volume. and you order volumes as we know since the beginning of 2012 has started to come off a little bit. so the trend there isn't too positive and it seems that...
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Sep 25, 2012
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>> seems like the main stream media has turned a blind eye on the recent gaffes. ann coulter, latest book "mugged" is available now. and there it is a total picture. first of all, what is he talking about a bump on the road. we had a famous ambassador all killed by a terrorist. >> if jimmy carter said that they might report it. but they won't report it because he is black. the first hundred years they won't treat them like humans and the second hundred years they won't treat them like adults. >> he will give them something to work with now and then with travon martin and henry who wis gates. >> remember geraldine ferraro said that he wouldn't be in the position he is in if he wasn't black. but when she says it, all hell breaks lose. and she said the same thing about jesse jackson when she was m mondale's vice presidential candidate. she said millions of people disagree with her. >> you are saying that obama leaves the door open for it. i think he is making big mistakes. they are all a bunch of liberal d dem crates. for example, the guy is at the un today. we know
>> seems like the main stream media has turned a blind eye on the recent gaffes. ann coulter, latest book "mugged" is available now. and there it is a total picture. first of all, what is he talking about a bump on the road. we had a famous ambassador all killed by a terrorist. >> if jimmy carter said that they might report it. but they won't report it because he is black. the first hundred years they won't treat them like humans and the second hundred years they won't...
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Sep 19, 2012
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later, do main street investors stand a chance against high speed traders? some new questions are being raised about whether the playing field is level or not. don't miss that, still to come. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. : 1-50 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have
later, do main street investors stand a chance against high speed traders? some new questions are being raised about whether the playing field is level or not. don't miss that, still to come. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud...
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Sep 25, 2012
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the union is the main culprit and fran tarkinton is going to give us the main scoop
the union is the main culprit and fran tarkinton is going to give us the main scoop
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Sep 7, 2012
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we're going to have a discussion next. >> yes, and guns, main streets, and wall street. smith and wesson getting more than a pop, but it is spent? we'll talk to a gun store owner on why there is a run on guns these days. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600
we're going to have a discussion next. >> yes, and guns, main streets, and wall street. smith and wesson getting more than a pop, but it is spent? we'll talk to a gun store owner on why there is a run on guns these days. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs....
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Sep 19, 2012
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what's your strategy when your main domestic market is in crisis? you look for growth, online business extension. it's exactly what they did during the first six months of this year and it paid off. the company beat expectations with a 32% increase in net profit. the spanish group also gave a trading update for the beginning of the third quarter and there is no signs of slowdown. sales increased by 17% from the first of august to the 17th of september and that's really a positive statement, because earlier this week, a swedish rival announced only a 6% increase in sales for the month of august, it was well below expectations. 22% of its revenue out of spain. but still 17% of its total revenue out of europe, and that's the reason why international expansion is the main strategy for the company. in the first six months of this year, the index opened 166 new stores, mainly in emerging countries. >> all right. thanks for that, stephane. joining us in the studio is the director at mintell international. how much of a standout is it? >> it's doing fantast
what's your strategy when your main domestic market is in crisis? you look for growth, online business extension. it's exactly what they did during the first six months of this year and it paid off. the company beat expectations with a 32% increase in net profit. the spanish group also gave a trading update for the beginning of the third quarter and there is no signs of slowdown. sales increased by 17% from the first of august to the 17th of september and that's really a positive statement,...
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Sep 10, 2012
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what i'm saying here is the kids have to be the main reason that we improve education. the correlation of violence, which is now going across the nation, chicago is not having a good time. lots of young people are in violent neighborhoods. that seems to correlate with poor and underperforming schools. how many times have you heard me cry jobs, jobs, jobs? but there isn't going to be a job if there isn't an education. and education isn't created on the union side. it's created by teachers. evaluations, pensions, these are all important. but at the end of the day, please, let's not lose sight of what's going on here with all these kids out of school. it's about them. we need to get this thing going. i'd like some day to be able to stand in front of this camera and tell you that chicago is forming a model for the entire nation on how to improve public education. back to you. >> okay. let's get a market flash now with brian shactman at hq. >> taking a look at shares of intel, intc, weakest performer in the dow today. "wall street journal" heard on the street column basicall
what i'm saying here is the kids have to be the main reason that we improve education. the correlation of violence, which is now going across the nation, chicago is not having a good time. lots of young people are in violent neighborhoods. that seems to correlate with poor and underperforming schools. how many times have you heard me cry jobs, jobs, jobs? but there isn't going to be a job if there isn't an education. and education isn't created on the union side. it's created by teachers....
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Sep 7, 2012
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next up, the man of the night, the main event. we are coming right back with president barack obama's address to the democratic national convention as he accepts their nomination for re-election. don't go anywhere. >> come and -- bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. back.elcome >>> welcome back. as we await president obama's address to the democratic national convention, let us bring back our very own rick santelli and gina sanchez. what you're looking at is a video tribute. you heard dick durbin introduce it. so when that is done, we may have to cut our
next up, the man of the night, the main event. we are coming right back with president barack obama's address to the democratic national convention as he accepts their nomination for re-election. don't go anywhere. >> come and -- bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those...
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Sep 19, 2012
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this seems pretty fairly evenly matched and the main event is early november. they don't give guidance anymore. the color on comps and the holiday season will drive this stock. we will see if this rally sticks. >> i am short. there was something for the bulls and the bears in that presentation. what it really spiked on was them saying that the shops were up. if the rest of the business is down 20 i don't know if that means 20% improvement. there was never a clarification of that. the thing that really turned the stock out the door was when he said august was decent but last two weeks was tough. that statement alone was really problematic for the stock. we need a lot more color here. i thought some of the presentation was a little hokey. he is great but i think selling an apple product is different than selling levis. >> we talked to an analyst this morning brian angle and i asked him if he knew what the revenue agreements were, they got a lot of great brands in there but we don't know the terms. he said he did not know and they have not disclosed that. >> johns
this seems pretty fairly evenly matched and the main event is early november. they don't give guidance anymore. the color on comps and the holiday season will drive this stock. we will see if this rally sticks. >> i am short. there was something for the bulls and the bears in that presentation. what it really spiked on was them saying that the shops were up. if the rest of the business is down 20 i don't know if that means 20% improvement. there was never a clarification of that. the...
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Sep 20, 2012
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it wasn't about caring about americans that was the gross misrepresentation by the main stream media. >> there's a new obama, i'm not sure what it means, he's changing washington from the outside. >> the most important lesson i have learned is that you can't change washington from the inside. you can only change it from the outside. >> i have no idea what he's talking about. but i want to put up the mitt romney response to this. because romney just slammed him for it. >> the president today threw in the white flag of surrender again, he said he can't change washington from inside, he can only change it from outside, we're going to give him that chance in november, he's going outside. >> first of all, what is obama talking about? he is the ultimate insider, he is the incumbent president. is he saying vote me out? >> first of all i would only hope and pray i because that would be the smartest thing the man has said in a long time. this all goes back to the 2012 dnc. in 2008, it was all about me, president obama. >> he's saying you the voters on the outside, come to me, don't dessert me,
it wasn't about caring about americans that was the gross misrepresentation by the main stream media. >> there's a new obama, i'm not sure what it means, he's changing washington from the outside. >> the most important lesson i have learned is that you can't change washington from the inside. you can only change it from the outside. >> i have no idea what he's talking about. but i want to put up the mitt romney response to this. because romney just slammed him for it. >>...
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Sep 7, 2012
09/12
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from wall street to main street to washington, d.c. that basic bargain is why i ran for president and that's why i'm running again. [ applause ] that's what this election's about. that is what this election is about. i mentioned last night, i got my start in service because i worked with folks who had been laid off from the steel plants when jobs started getting shipped overseas and over the last ten years we've seen that happen more and more. too many families struggling with costs that keep rising. even when paychecks don't. so, people are having to use their credit cards, they home equity loans just to try to make the mortgage or pay tuition or put gas in the car or food on the table. and that debt is why this house of cards collapsed in the great recession. millions of innocent millions losing their jobs and their homes. folks losing their life savings. we are fighting to recover from that. and it's a long, tough journey. but our friends at the republican convention, they've talked a lot about what they thought was wrong with ameri
from wall street to main street to washington, d.c. that basic bargain is why i ran for president and that's why i'm running again. [ applause ] that's what this election's about. that is what this election is about. i mentioned last night, i got my start in service because i worked with folks who had been laid off from the steel plants when jobs started getting shipped overseas and over the last ten years we've seen that happen more and more. too many families struggling with costs that keep...
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Sep 5, 2012
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tyler, hasn't seen the lows since vcrs and walkmans were the main products. >> i remember those. thank you very much. >>> let's move on to motorola mobility. got the first product launch out today. since being bought by google. holding a big event in new york city. comes just hours after microsoft and nokia revealed their new windows-based phones. jon fortt with the latest of the product launch across the river in new york. jon? >> reporter: right behind me, tyler, the event kicks off in just under an hour and the main question is going to be, what's the differentiating feature of any phones that motorola might unveil here. what will google and motorola choose to focus on? a thing that's come up, of course, lte. the networks are built out. everybody trying to put forthlte and screen resolution and clarity is a key issue. now, i just got done talking to a google product manager about a host of issues. one was feature phones. motto orola has feature phones. a question i had is what happens to that business? do they spell it, spin it out? it sounds like google is planning to organic
tyler, hasn't seen the lows since vcrs and walkmans were the main products. >> i remember those. thank you very much. >>> let's move on to motorola mobility. got the first product launch out today. since being bought by google. holding a big event in new york city. comes just hours after microsoft and nokia revealed their new windows-based phones. jon fortt with the latest of the product launch across the river in new york. jon? >> reporter: right behind me, tyler, the...
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Sep 9, 2012
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each week keep it here where wall street meets main street. have a great week. i'll see you again next weekend.
each week keep it here where wall street meets main street. have a great week. i'll see you again next weekend.
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Sep 12, 2012
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but zug's main selling point isn't a view of the alps. how low are the taxes here? >> it's something between 15% and 16%. >> and in the united states, it's 35%. >> i know. it's half, half price. >> and do you have the lowest tax rate in switzerland? >> most probably, yes. >> most probably, yes. so you're kind of a tax haven within a tax haven. >> [laughs] maybe, yes. >> yeah, yeah, yeah. >> the population of the town of zug is 26,000. the number of companies in the area: 30,000 and growing. but many are no more than mailboxes. texas democratic congressman lloyd doggett questions whether the moves of several companies are legit. >> a good example is one of my texas companies that's been in the news lately, transocean. >> transocean owned the drilling rig involved in the giant bp oil spill. they moved to zug. >> i'm not sure they even moved that much. they have about 1,300 employees still in the houston area. they have 12 or 13 in switzerland. >> and yet they claim that they're headquartered over there. >> they claim they're swiss, and they claim they're swiss for tax
but zug's main selling point isn't a view of the alps. how low are the taxes here? >> it's something between 15% and 16%. >> and in the united states, it's 35%. >> i know. it's half, half price. >> and do you have the lowest tax rate in switzerland? >> most probably, yes. >> most probably, yes. so you're kind of a tax haven within a tax haven. >> [laughs] maybe, yes. >> yeah, yeah, yeah. >> the population of the town of zug is 26,000. the...
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Sep 21, 2012
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and head of the wto saying the main reason is because of a slowdown in europe. and japan is not in great shape. but that 2.5% figure remarkable. we come have our trade link series. it airs mondays at 10:50 central european time. 9:50 here in london. more at tradelinks.cnbc.com. >>> the bid for mi might get the green light as early as today, but the potential takeover is not without conditions. universal will have six months to sell off at least a third. this all according to financial times. but what is going on for the music industry particularly in terms of addition? one company called music metric has launched the digital music index. joining us is the ceo. you've just launched digital music index this week. how do you -- where do you get all the data from? there are so many different channels about where people are getting downloads from, some legal, some illegal, how are you able to come up with a detailed picture? >> actually that's the really challenging and interesting thing. the opportunity and tracking exactly what's p happening online with all the dif
and head of the wto saying the main reason is because of a slowdown in europe. and japan is not in great shape. but that 2.5% figure remarkable. we come have our trade link series. it airs mondays at 10:50 central european time. 9:50 here in london. more at tradelinks.cnbc.com. >>> the bid for mi might get the green light as early as today, but the potential takeover is not without conditions. universal will have six months to sell off at least a third. this all according to financial...
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Sep 18, 2012
09/12
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out of the mud flats at low tide somewhere up in maine. you know, at a glance you look at this guy. he's not dressed too well. to be honest, he doesn't smell that great. then you find out he owns two homes, both paid for in cash from selling blood worms for bait. when you hear stories like that and look around the country, i find it kind of empowering because the country still is full of people who are truly willing to do whatever it takes to get the job done. there's a lesson in there somewhere. the microworks site we built was basically an attempt to celebrate people like that, people who were willing to take the time to learn a skill, master a trade, and who didn't necessarily look at the only path to success as one that was paved with a four-year degree. >> and so quickly, how can you help? what can people do to get involved with what you're doing on the microworks site? >> i'm not an expert in any of this, brian, but the simple truth is it doesn't start with job placement. it doesn't even start in the schools. it starts at home around
out of the mud flats at low tide somewhere up in maine. you know, at a glance you look at this guy. he's not dressed too well. to be honest, he doesn't smell that great. then you find out he owns two homes, both paid for in cash from selling blood worms for bait. when you hear stories like that and look around the country, i find it kind of empowering because the country still is full of people who are truly willing to do whatever it takes to get the job done. there's a lesson in there...
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Sep 25, 2012
09/12
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the main reason is because of the entire build-up, the entire ecosystem. my kids in school get ipads, they have maces at home, they have -- they'll be getting -- when they're old enough -- iphones, ipads. the ecosystem is why i like apple. ail throw this out there. apple right now is still moving on what steve jobs put together. when you get out, a few more years, supposedly steve jobs had a five-year plan. two years, three years down the road, i think then it's going to be really interesting to see what type of innovation apple can put out there. for right now, long apple. >> like the soviet union, the five-year plan. guy, what would you do here? i look at google. it's not moved clearly as much as apple. why not go for -- would that be a valuation play? >> so, if you flew from mars, today's the first day here, what stock do you pick? i go google because i think it has tremendous movement behind it. mark ma hhaney, $850 price targ on it. while i think apple can trade sideways for a while to sortly higher, i think google is in that unabated move further so
the main reason is because of the entire build-up, the entire ecosystem. my kids in school get ipads, they have maces at home, they have -- they'll be getting -- when they're old enough -- iphones, ipads. the ecosystem is why i like apple. ail throw this out there. apple right now is still moving on what steve jobs put together. when you get out, a few more years, supposedly steve jobs had a five-year plan. two years, three years down the road, i think then it's going to be really interesting...
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Sep 5, 2012
09/12
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the main reason being tourists from overseas spending -- or splurging on very expensive watches. there's a lot of concern about chinese consumer slowing down. yes, we did see a slowdown in growth but still very healthy at 12% in the months between april and august. overall, richemont remains very bullish about the rest of the year. back over to you. >> thanks for that. joining us in studio, rujal founder of nive capital. thanks for joining us. is richemont typical of the luxury sector? the whole sector being shielded better than others? >> it is. having said that i think there's a lot of concern about china and luxury and too much focus has been placed on mainland china. where growth is being normalized. people miss how strong europe is. what's happening with a lot of wealthy chinese, they travel a lot, the euro is weaker, taxes are lower, fashion is fresher and a whole lot are coming in. not just chinese, shoppers from emerging markets coming here, picking up luxury goods. if you combine that with what's happening in mainland china you get a healthy look. >> it's china, wealthie
the main reason being tourists from overseas spending -- or splurging on very expensive watches. there's a lot of concern about chinese consumer slowing down. yes, we did see a slowdown in growth but still very healthy at 12% in the months between april and august. overall, richemont remains very bullish about the rest of the year. back over to you. >> thanks for that. joining us in studio, rujal founder of nive capital. thanks for joining us. is richemont typical of the luxury sector?...
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Sep 12, 2012
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one of the main sticking points is teacher evaluations. we'll be talking about education reform at 6:50 eastern time. and we are continuing our week long series on the future of finance. learning from the past, safeguarding the future. our news maker this morning is former wells fargo chairman, and here is a sample of what he said to us the last time he was on "squawk." >> i think tarp was one of the worst economic decisions in the history of the united states. >> okay. so like i said, he does not hold back on anything he's thinking about. he will be our guest host for two hours today, and that begins at 7:00 eastern. we are also going to be talking finance with the ceo of cowen and company, jeffrey solomon, and bill isaac. plus the state of innovation, steve case will be joining us live at 7:30 eastern time. so we have a big show ahead. before we get to all of that, let's get you up to speed on the morning's headlines. andrew, good morning. >> thanks, becky. good morning to you. we will get you caught up on some of the big headlines. germ
one of the main sticking points is teacher evaluations. we'll be talking about education reform at 6:50 eastern time. and we are continuing our week long series on the future of finance. learning from the past, safeguarding the future. our news maker this morning is former wells fargo chairman, and here is a sample of what he said to us the last time he was on "squawk." >> i think tarp was one of the worst economic decisions in the history of the united states. >> okay. so...
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Sep 24, 2012
09/12
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is that the main reason people aren't buying it or is it something else? >> i think whenever you introduce something that's a little off the norm, not something people are used to, i think they're weary. the car hasn't been out for years and years so i think it takes time for the market to adapt. certainly when there was favorable financing for the car, which launched in march, you saw people start to be more interested. the sales started going up. certainly, the hov lane credit helps in california. i think it's something that will take time for people to get used to it. >> i would love to see a future where we're all drivingric vehicles, possibly even bicycles. nonetheless, what is it going to take to bring bakt love or just bring the love for electric cars? >> well, you know, i think gas prices certainly have been fluctuating a little on the high side. i think that is going to play a big factor. also if you look at just internal combustion engines, the fuel economy on those cars has gotten so strong. there's been so marketing around those cars and number
is that the main reason people aren't buying it or is it something else? >> i think whenever you introduce something that's a little off the norm, not something people are used to, i think they're weary. the car hasn't been out for years and years so i think it takes time for the market to adapt. certainly when there was favorable financing for the car, which launched in march, you saw people start to be more interested. the sales started going up. certainly, the hov lane credit helps in...
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Sep 21, 2012
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>> there's not one main competitor. when you got 237 million monthly users, which is more than anyone else in the united states, including the broadcast networks, including in the u.s., facebook or google, we're sort of reaching everybody. so we both collaborate and we probably compete with almost everybody out there and i think our view is to try and focus on the opportunities we have to collaborate with everyone. but we're doing it in search of trying to deliver something to the consumer. my view is you either make, you buy, or you partner on everything you need. but what drives the need is not some idea we've dreamed up, but it's what the consumer's looking for and it is a solution to a consumer need. >> you mentioned the fact that the iheart music festival really was just coming in to its existence last year. you just mentioned something interesting about the fact that you either buy, or adapt to whatever the competitive landscape is. would you consider making acquisitions right now? and if so, what area would that
>> there's not one main competitor. when you got 237 million monthly users, which is more than anyone else in the united states, including the broadcast networks, including in the u.s., facebook or google, we're sort of reaching everybody. so we both collaborate and we probably compete with almost everybody out there and i think our view is to try and focus on the opportunities we have to collaborate with everyone. but we're doing it in search of trying to deliver something to the...
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Sep 25, 2012
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i think that was their main priority tour get that second tranche, which they wanted to use for what i call the $100 billion club n 2009, we basically said we were going to bail out anybody over $100 billion. >> do you think you were listened to in this process? because, you know, you quote mr. rice the otc, office of thrift supervision chief, john rice, saying that basically, the audacity of your putting forward some of the proposals that you had, you do think that and frequently you were the only woman in the room, do you think that that worked against you, was it held against you? excluded from discussions because of it? >> i don't know exa lot of people ask me that question and young women ask me that question, feeling excluded or left out or not listened to, may be gender or not. you can drive yourself crazy trying to figure it out. there, were i think, people that had some lack of respect for the fdic, too reviewed us as the regulator for those little people that had less than $100,000 in the bank. i think there was maybe some arrogance toward the agency, too. so, i don't know
i think that was their main priority tour get that second tranche, which they wanted to use for what i call the $100 billion club n 2009, we basically said we were going to bail out anybody over $100 billion. >> do you think you were listened to in this process? because, you know, you quote mr. rice the otc, office of thrift supervision chief, john rice, saying that basically, the audacity of your putting forward some of the proposals that you had, you do think that and frequently you...
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Sep 13, 2012
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>> it is the main problem. in this factory i'm standing in how, ten years ago it took 14 days to make a pair of shoes. today it takes two hours. we can compete with anybody we have to make sure there's gover we have to figure that into the equation. >> walk tme through the last fie years. there must be a benefit to moving things overseas. why is it important to keep it here? i imagine transportation and things like that must come into play. >> there's no question. transportation is one of the benefit bus the biggest thing is we're closer to the u.s. consumer. the response time out of the factory i'm standing in today, we can refill a consumer in a matter of days instead of weeks and months with product on the water. >> how much support, i imagine, you're getting a lot of it from local and state politicians, but i mean reading the -- reading the wind here, the political winds, how do you see this tariff either going away or not? what's going to happen? >> well, the ambassador today told all my employees he's aft
>> it is the main problem. in this factory i'm standing in how, ten years ago it took 14 days to make a pair of shoes. today it takes two hours. we can compete with anybody we have to make sure there's gover we have to figure that into the equation. >> walk tme through the last fie years. there must be a benefit to moving things overseas. why is it important to keep it here? i imagine transportation and things like that must come into play. >> there's no question....
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Sep 24, 2012
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i want to show you our main european markets. we're lower by somewhere in the region of 0.5% to 1.5%. the german data indicating business confidence in germany is on a downward trajectory. it seems despite we have the ecb bond buying program going in full the confidence isn't feeding back into core europe which is where we really need to see it. little bit of a breath coming out of european markets in this morning's trade. let's show you our sectors. switching again construction material trading lower. auto is lower, the paris auto show taking place this week, that should be interesting. i was talking to somebody about what the big agenda items are going to be this year and we're looking at cars that are lightweight, those are the things that people want to know about, basic resources off a bit, health care a little bit higher but by and large a red screen we're seeing today. the german market very much in focus with the efo data and later on this week important to note that spain is going to be back on the agenda. when is it not
i want to show you our main european markets. we're lower by somewhere in the region of 0.5% to 1.5%. the german data indicating business confidence in germany is on a downward trajectory. it seems despite we have the ecb bond buying program going in full the confidence isn't feeding back into core europe which is where we really need to see it. little bit of a breath coming out of european markets in this morning's trade. let's show you our sectors. switching again construction material...
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Sep 20, 2012
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some will say it was the main reason it ended. but think about how countries tried to solve what was wrong. and one of the things they tried to do was make their exports look better by weakening their currencies. sound familiar? all right. now, let's think about what's going on with japan and china. i'm sure these anxieties over the islands is significant to both these cultures. but the festering underneath might magnify what really some of these issues are. let's look according to to cia world fact book as of january 2012 these are the five largest exporters. the five largest exporters gives us some very interesting reasons why these confrontations might be escalating. of course, china is at the top of the heap. we know that germany is very concerned about what's going on with china. because that is their main export market. japan also in direct competition. you see what i'm saying? maybe take france off of this. but now the metrics of these four countries are going to be magnified in some very negative ways because, listen, from
some will say it was the main reason it ended. but think about how countries tried to solve what was wrong. and one of the things they tried to do was make their exports look better by weakening their currencies. sound familiar? all right. now, let's think about what's going on with japan and china. i'm sure these anxieties over the islands is significant to both these cultures. but the festering underneath might magnify what really some of these issues are. let's look according to to cia world...
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Sep 30, 2012
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. >> the long-term chart has the flavor of a fairly big -- >> got to go with my main man, carter. but going short, might as well try this. bought the october 92.5 strike put for 1.80. he needs nike to fall below that put strike price by more than the cost of the trade or below $90.70 by october expiration. paying 1.80 we are not trying to spend olympic size sums of money here. mike, just spend less. >> sell the september weekly 92.5 put. >> well done. to spend less mike sold the september weekly put for $1.05 and created his put calendar. he also made making money easier and here is how. between the 1.80 he spent buying the put and the $1.05, mike reduced the cost to just .75 and instead of needing nike to trade below, mike can see profits below the strike of the longer dated put by more than the .75 he spent on the trade. or below $91.75 by october expiration. >> it's great. >> it sure is. usain. but it gets better. that's because the value of the put will decrease faster than the value that he thought allowing mike to do something only mr. bolt can't do, turn time into money. >>
. >> the long-term chart has the flavor of a fairly big -- >> got to go with my main man, carter. but going short, might as well try this. bought the october 92.5 strike put for 1.80. he needs nike to fall below that put strike price by more than the cost of the trade or below $90.70 by october expiration. paying 1.80 we are not trying to spend olympic size sums of money here. mike, just spend less. >> sell the september weekly 92.5 put. >> well done. to spend less mike...
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Sep 23, 2012
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each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child.
each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure...
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Sep 11, 2012
09/12
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. >> i think one of the main ways that the banks have been trying to improve their capital ratios is by tinkering with the definition of how they calculate assets that's widely perceived as arbitrary means of improving financial cushions. and that's something that's not just a deutsche bank problem. it's a problem across the european banking sector as a whole. >> richard, how deep do problems run in the banking sector and what kind of change if any is required at this point? >> i think we saw the previous ten years financial sector just grew to really unrealistic levels. you're mean reverting on the return of equity that you can easily expect. you must be doing something out there which is just way detached from regular prudent banking business. and i think those days are long gone because they'll be imposing much tighter risk controls. the whole industry is right sizing. >> i have a question with regards to the european and banking supervision about it that is laid upon the ecb going forward, will it ever change really the possibility that we will ever have to face again cases like
. >> i think one of the main ways that the banks have been trying to improve their capital ratios is by tinkering with the definition of how they calculate assets that's widely perceived as arbitrary means of improving financial cushions. and that's something that's not just a deutsche bank problem. it's a problem across the european banking sector as a whole. >> richard, how deep do problems run in the banking sector and what kind of change if any is required at this point?...
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Sep 6, 2012
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and so that's a main reading from all of that and they should be disappointed. >> the bigger question i have there, should the individual investor be thinking about, with all of the problems, the worries about the fiscal cliff, the concerns, the whole wall of worry, the individual investor afraid of this stock market, whether they're investing actively or passively, should they invens for now or long term? >> it's a simple equation to me, bill. stocks are yielding today a little over 2%. easternings should grow over a long period of time at about 5%. that should give you an underlying base in nominal terms. the bond market we know will give you around 2% or 3% yield over the next decade, because today's yield tells you that return will be. i'm a little with bill gross, but if you don't like to, what do you do? you go to a money market yield. >> jack, could we talk about the election really quickly. leon cooperman says romney wins at 100 plus points to the s&p 500, obama wins, talk away 15 points. do you agree with that? >> did he really say take away 15 points? >> would you take more?
and so that's a main reading from all of that and they should be disappointed. >> the bigger question i have there, should the individual investor be thinking about, with all of the problems, the worries about the fiscal cliff, the concerns, the whole wall of worry, the individual investor afraid of this stock market, whether they're investing actively or passively, should they invens for now or long term? >> it's a simple equation to me, bill. stocks are yielding today a little...
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Sep 7, 2012
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that's the main one. the lugs is nsolution is not at federal reserve. it's in congress. there is no way you can have a budgetary consolidation without dealing with and touching and cutting the entitlements. >> so, saying it's politics more than economics. what happens after the election, as we all keep talking about, it's going to be fascinating, isn't it? >> it is. i know you're out there following it for us. also following this for us is john harwood. he's at the democratic convention, joining us from charlotte. john, your reaction to president obama's speech last night. was he able to follow up on the success or perceived success of the speeches that came before him? >> reporter: well, we'll find out from the polls in the next few days how effective it was. what the president was trying to do was come to terms with voters disappointed in the lack of pace of progress in this first four years of his administration. so, he appealed for patience, as you said a moment ago, talked about staying the course, defended a role for government, which is something that his republic
that's the main one. the lugs is nsolution is not at federal reserve. it's in congress. there is no way you can have a budgetary consolidation without dealing with and touching and cutting the entitlements. >> so, saying it's politics more than economics. what happens after the election, as we all keep talking about, it's going to be fascinating, isn't it? >> it is. i know you're out there following it for us. also following this for us is john harwood. he's at the democratic...
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Sep 5, 2012
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i think there is a way to do that, but i think the main thing is that we have to be careful to overreact to this anger directed towards the banks, and think that the banks caused 100% of this problem. they didn't, they were part of it, but but have to be thoughtful about what is the best way to learn from the crisis in 2008 and make things better. >> what is the best way to learn? yesterday we had someone say that all of the terrible things that have happened lay at the feet of the banks. i got all of this mail from viewers saying he was right, others saying he was wrong, so it will take a long time to get the reputation of the industry back. >> i feel strongly about this. the banks certainly have their share of responsibility, but then you have to look at government policy through, especially fanny mae and freddie mac. and borrowers, they were becaabg the system. there was a lot of institutions involved in causing the crisis, and it's not good for the banks to be blamed 100%. you could get a bad outcome in terms of how you fix it. >> tell me how you can manage a complex institution that
i think there is a way to do that, but i think the main thing is that we have to be careful to overreact to this anger directed towards the banks, and think that the banks caused 100% of this problem. they didn't, they were part of it, but but have to be thoughtful about what is the best way to learn from the crisis in 2008 and make things better. >> what is the best way to learn? yesterday we had someone say that all of the terrible things that have happened lay at the feet of the banks....
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Sep 26, 2012
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believed one of the main reforms will be to strip the bba of its supervisory role. we've also had some corporate numbers out of the uk. global market activity remains subdued. suggested that regulators were close to given the green light for the new regulation on the swaps industry. a slight contrast on the stock exchange. it says trading has fell a fifth over the summer. profits will be down 5% on the same period last year. >> lloyds of london has reported a swing to profit in the first half of the year, owing to a steep drop in major natural disaster claims. the insurer said claims were down 32% year on year. >> all right, just looking at those. paul, you're a broker. you know what volumes have been like. how tough is it for the brokers -- >> volumes have been done very significantly. we're look at 30% to 40% declines in volumes at markets at the moment. what icap reported today was a 14% decline. in january, that was 19%. holding out for some hope that september is better. it's been noticeable that what markets do need is volatility. and we just haven't had that
believed one of the main reforms will be to strip the bba of its supervisory role. we've also had some corporate numbers out of the uk. global market activity remains subdued. suggested that regulators were close to given the green light for the new regulation on the swaps industry. a slight contrast on the stock exchange. it says trading has fell a fifth over the summer. profits will be down 5% on the same period last year. >> lloyds of london has reported a swing to profit in the first...
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Sep 26, 2012
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especially hiring small businesses, which irks main clients. last night we got results from paykhex and many considered it disappointing. now, i think paychex is a well-run business. while the company is facing a tough environment, the quarter wasn't terrible by any stretch of the imagination. it beat it by a penny on a 40 cents basis and 2% year over year. last time i thought that was the hugely important key metric. however, the growth year seems to be decelebrating. especially since that's why i'm thrilled to have marty, the chairman and ceo here to talk about the quarter. mr. mucy, welcome back to "mad money." >> good to be here, jim. >> i've got to oh tell you, i've been through these various downgrades and it's almost like they thought that the payroll numbers had dropped so we have 6.5 to 7% unemployment. the fact is we always thought it was this number that we cared so much about which was the actual 2% revenues number. it suddenly didn't matter. all the people looked at was you guys didn't capitalize on the gigantic increase on employm
especially hiring small businesses, which irks main clients. last night we got results from paykhex and many considered it disappointing. now, i think paychex is a well-run business. while the company is facing a tough environment, the quarter wasn't terrible by any stretch of the imagination. it beat it by a penny on a 40 cents basis and 2% year over year. last time i thought that was the hugely important key metric. however, the growth year seems to be decelebrating. especially since that's...
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Sep 6, 2012
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. >> what is the main thing you do with school for startup? >> that's a social enterprise that started four years ago. its primary task is to teach people how to start a business and to then help them start the business because as you rightly pointed out, most businesses fail in their first year. >> that's interesting. you were on the popular british television show. isn't it true you're the only guy who didn't invest any money in one of these startups? that would almost indicate that even though there's a desire to help fund startups, you have to be careful you don't give capital to those who merit it. >> that would be evident by what i didn't do. in the second series i did not make any investments whatsoever. >> right. >> and i didn't make them because i actually viewed it as are they worthy of investment, and they weren't. yes, you can't give capital to people who aren't in a position to do it. this is hopefully something of an ante dote to it. most of the reasons i don't give capital is because they're not prepared for it. prepare them for
. >> what is the main thing you do with school for startup? >> that's a social enterprise that started four years ago. its primary task is to teach people how to start a business and to then help them start the business because as you rightly pointed out, most businesses fail in their first year. >> that's interesting. you were on the popular british television show. isn't it true you're the only guy who didn't invest any money in one of these startups? that would almost...